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marginal utility
units of value
Ludwig von Mises: "Socialism"
"But computation demands units. And there can be no unit of subjective use-value of commodities. Marginal utility provides no unit of value. the worth of two units of a given commodity is not twice as great as one--although it is necessarily greater or smaller than one. Judgments of value do not...
Posted to
Economics Questions
(Forum)
by
ChroMattic
on Thu, Feb 25 2010
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